Hartek Power doubles solar capacity to 528 MW in this fiscal

Hartek Power complets solar power projects of 270 megawatts spread across Punjab, UP & Karnataka in the first three quarters of this fiscal, taking its total solar projects capacity under EPC contracts to 528 mw.Prashant Krar | ET Bureau | January 13, 2017, 08:28 IST

CHANDIGARH: Hartek Power has completed solar power projects of 270 megawatts spread across Punjab, Uttar Pradesh and Karnataka in the first three quarters of this fiscal, taking its total solar projects capacity under EPC contracts to 528 mw.

The Chandigarh-based company undertakes engineering, procurement and construction projects from independent power producers and specialises in grid connectivity. As of March 31, 2016, it had completed 258 MW of solar projects.

The company has presence in 18 states for solar projects. It is focusing in South India and places like Jharkhand to consolidate its position.

“At the same time, we are strengthening our hold in states like Punjab where we have traditionally been doing well,” Chairman Hartek Singh said. “In fact, out of the 500 mw solar projects awarded by the Punjab government in the phase-3 auction, Hartek Power has bagged orders for 200 mw projects,” he added.

India’s installed solar generation capacity has increased four times to 10 gigawatts from 2.5 gw in less than three years, offering huge opportunities for growth to companies like Hartek Power.

“To save the environment and to fight climate change, my government has planned a major campaign. By 2022, we want to generate 175 GW of renewable energy. In the last three years, we have already achieved 60 GW or around one-third of this target,” he said.